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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Betbrokers | LSE:BETB | London | Ordinary Share | GB00B1C4T436 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
05/10/2007 10:04 | News out today. Looks a decent deal. Still going to be tough going. Anyone still holding this pretty poor performing share. | britishbear | |
06/7/2007 11:53 | too right mate, load a boloks ! | leeson31 | |
06/7/2007 11:37 | Loss making company aquires another loss making company for nearly $7million - boy am i glad i sold out of this, looks totally pointless to me although i am no expert, still looks like a very very bad deal | ro4dhog | |
30/5/2007 18:29 | Betbrokers signs LoI to buy Las Vegas-based Winning Edge for 6.5 mln usd LONDON (Thomson Financial) - Betbrokers PLC said it has signed a Letter-of-Intent to buy Las Vegas-based sports information and tipping service Winning Edge International Inc for 6.5 mln usd. The company expects to fund the entire acquisition by issuing new shares to current Winning Edge shareholders. Betbrokers said the acquisition, which is expected to be completed in June, will allow it to provide detailed information on US sports and offer longer trading hours. TFN.newsdesk@thomson faj/slj COPYRIGHT | leeson31 | |
30/5/2007 18:27 | moved from Premium Thread. Lee$on | leeson31 | |
30/5/2007 18:26 | www.betbrokers.com | leeson31 | |
30/5/2007 18:19 | maybe things might start stirring.... | leeson31 | |
24/5/2007 09:03 | Released at 7am on RNS this morning. Looks an interesting acquisition Betbrokers plc ("Betbrokers" or "the Company") Proposed acquisition Betbrokers plc, (AIM: BETB), the UK's first retail and wholesale brokerage and clearing house for the sports betting industry, is pleased to announce that it has signed a Letter of Intent ("LOI") to purchase Winning Edge International, Inc. ("Winning Edge"). The acquisition is subject to further due diligence, agreement of satisfactory purchase terms and Winning Edge shareholder approval. The proposed acquisition is line with the Company's stated strategy of providing and selling data. Under the LOI it is proposed that Betbrokers will acquire all of the operating assets of Winning Edge for a consideration of US$6.5 million, it is anticipated that the acquisition will be funded entirely through the issue of new Betbrokers' shares to the current Winning Edge shareholders. The acquisition is expected to be completed in June 2007 and a further announcement will be made in due course. Las Vegas-based Winning Edge is America's only publicly traded sports information and tipping service, known as handicapping in the US. Winning Edge specialises in developing and marketing sports handicapping advice and information via television, radio and the Internet. The Company also produces high quality sports, television and radio programming and sells advertising as well as sponsorship and marketing opportunities to its exclusive database of more than one million sports and gaming fans. This proposed acquisition will complement and significantly enhance Betbrokers' service offering as it allows the Company to provide non-American customers with detailed information on US sports. In addition, this also offers longer trading hours. The provision of television and radio content covering US sports and information services will be sold by Betbrokers to counterparties worldwide where betting is legal. Wayne Lochner, Chairman and Chief Executive of Betbrokers, commented: "The proposed acquisition of Winning Edge is a significant step in our global growth strategy. Wayne Allyn Root, the Founder and Chairman of Winning Edge, is an experienced television host and spokesman and his knowledge will be invaluable in developing Betbrokers' business going forward". Wayne Allyn Root, added: "My goal for Winning Edge has always been to build a global brand leader and expand our handicapping advice to international sports. Joining with Betbrokers gives Winning Edge and its shareholders that opportunity. With Betbrokers' experience, we will be well positioned to rollout the Winning Edge business model globally". | rill | |
23/4/2007 14:54 | You are right to be cynical, as an example just £640 worth of stock traded today so the broker needs to muster up some retail volume to unload the stock. As a rule they turn the chart upwards prior to offloading so I would expect to see a slight uptrend developing, a small spike and then the stock plunges when the transfer to the retail investor is complete. | yikyak | |
04/3/2007 14:56 | Betbrokers gets a good plug in the Sunday Telegraph in an article about sports betting ! I feel the cynic in me stirring. | initiate | |
02/11/2006 21:10 | Wayne Lochner was chief exec of Affinity Internet FWIW. That's not a strong point on his CV since they were sold for 180m far less than their value at one time, but at least he has experience of sorts Broker note: BETBROKERS 16.5p Highly Speculative Buy Broker: HansonWesthouse The growth forecast may seem aggressive but the management and brokers are confident that these are conservative as a new lower risk betting broker sector opens out for the frequent, high stakes gambler. Y/E Dec £000's Revenue Gross Prft Admin. Costs Net Int. PBT Tax EPS p P/E 2005 A 37 32 -782 6 -744 - - - 2006 A 977 899 -2032 52 -1980 - - - 2007E* 6960 6257 -4867 112 1,052 - 0.5 30 * Source HansonWesthouse Overview Betbrokers is the only betting company that offers sports betting in a financial brokerage service style to wholesale and retail customers. Allowing bets to be placed that otherwise would not have been done, as existing book makers do not have an effective system to offset large bets at attractive odds. Betbrokers' clients benefit from the security and convenience of dealing with one bookmaker rather than needing to have accounts with a series of bookmakers in order to facilitate larger bets. Betbrokers act as an agent on behalf of its clients to avoid the risk inherent with any particular event, as it does not take a principle position in its own account, just a 3% transaction cost. Risk is further reduced as clients are not given credit. This business model brings innovation to the sector and high growth is anticipated. Current Trading At the end of August the company's average stake was £753 and there were around 377 active accounts executing an average of 31 trades per account. The £753 average stake is substantially higher than the average betting stake across traditional sports betting books. The Betbrokers business model brings back the personal touch to the client experience. Rather like dealing with a stockbroker, customers phone their bet broker to place a bet. The company wagers. Betting Industry Strengths potentially high growth sector place large bets Analyst Jon Levinson 020 7510 8654 Results............. NMS................. Screen Size .................... Bid/Offer ...................p No. of Market Makers .......... NMS 2000................ Screen Size ................... 30k Bid/Offer 15-17 (11.7) No. of Market Makers 3 | deadly | |
01/11/2006 23:01 | I don't see they have a business let alone a main business, by the sound of it they have a turnover in the low £hundreds of thousands with a GROSS profit of £12,000! Still it's yours for £31m. I'm sure I know Lochner's name, didn't he head up an AIM company that folded/de-listed a few years ago? I'll have a dig. | yikyak | |
01/11/2006 14:58 | 32 mil does seem steep, but their main business in inter-bookies not the 400 retail punters... | wh0sthedaddy | |
01/11/2006 10:02 | Yah, bit of a risky time, i suppose they'll be non USA orientated :-) 15p float price, even now, but 200 odd mill shs in fre float, perhaps potential here... :-) | leeson31 | |
01/11/2006 10:00 | They done well to get this away, with all the uncertainty regarding gambling companies. | montyhedge |
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